Technical
Financial
Distress signals
Property profile

0 16Th St Vero Beach, FL 32966

OFF-MARKET
Land
5 ac lot
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Property summary

AI-generated overview

This exceptional 5-acre industrial land parcel presents a compelling investment opportunity in Vero Beach, Florida. Located on 16th Street, this property boasts convenient access to major transportation arteries, including the I-95 and SR 60 interchange, ensuring seamless logistics and efficient distribution. The lot is moderately wooded, offering a degree of seclusion while maintaining excellent visibility. Its zoning designation is (IL) Light Industrial, allowing for a variety of potential uses. The property's secluded location on 16th Street provides a low-traffic environment, ideal for storage yards or other businesses requiring ample space and easy maneuverability. County water and sewer services are readily available, simplifying infrastructure development. The 2023 property taxes amounted to $2,577.36. The asking price for this strategically positioned industrial land is $1,195,000. This represents a significant opportunity to acquire a substantial parcel in a rapidly growing area with excellent connectivity and zoning flexibility. Don't miss this chance to secure a prime location for your next venture.

Property profile

Verified
Property type Land
Lot 5 ac (217,800 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16Th St Vero Beach, FL 32966
Vero Beach metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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